February 3, 2009 / 8:22 PM / 10 years ago

U.S. lawmakers propose bill to stop generic drug patent deals

WASHINGTON, Feb 3 (Reuters) - Two senior senators have introduced a bill that would make it illegal for pharmaceutical companies to pay generic drugmakers to keep lower priced alternatives off the market.

“With this legislation, we can end a practice seriously impeding generic drug competition: Competition that could save American families and taxpayers billions of dollars in health care costs,” said Sen. Herb Kohl, a Wisconsin Democrat, who unveiled the legislation along with Sen. Chuck Grassley, an Iowa Republican.

As senator, President Barack Obama supported similar legislation. (Reporting by Diane Bartz; Editing by Phil Berlowitz)

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